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Social media ad rules may not be ready before midterms

Photo: Jaap Arriens / NurPhoto via Getty Images

Proposals seeking to thwart foreign influence on U.S. elections by requiring social media companies to disclose who is behind political ads on their platforms may not go into effect in time for this year’s midterm election, the Washington Post reports.

  • The Federal Election Commission's Republican Chairwoman Caroline Hunter said, "the commission has been reluctant to change the rules of the game in the middle of the election season, so that would be something we would want to seriously consider." Vice Chairwoman Ellen Weintraub countered, “Are people really going to say, ‘Oh, it’s too late in the game to run a disclaimer now.' I don’t really buy that.”
  • The details: The FEC delayed a vote on Thursday to advance the proposed rules, per the Post. Commissioners plan to meet next week to present a proposal and begin the public comment process, which Hunter said is "going to take a little bit of time."
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Zuckerberg admits Facebook "breach of trust"

Facebook CEO Mark Zuckerberg walks wearing a t-shirt, with trees behind him
Photo: Drew Angerer/Getty Images

Mark Zuckerberg weighed in on what he called the "Cambridge Analytica situation" today in a Facebook post, saying there was a "a breach of trust between Facebook and the people who share their data with us and expect us to protect it. We need to fix that."

Why it matters: Facebook has been under extraordinary pressure from lawmakers, regulators and Wall Street to respond to the issue.

Kia Kokalitcheva 2 hours ago
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Uber rescinds job offer to ex-Amazon exec

Uber has rescinded an offer to ex-Amazon voice-shopping VP Assaf Ronen to become its product chief after it learned that he had left the commerce giant earlier than he had told the company, according to Recode.

Context: About a year ago, Uber asked former Google exec Amit Singhal to resign after it found out that he left the search giant after being accused of sexual harassment. So it's not surprising to see new-CEO Dara Khosrowshahi having no tolerance for candidates who aren't truthful.